Tecogen (NASDAQ:TGEN) announced its quarterly earnings data on Tuesday. The construction company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01), Morningstar.com reports. Tecogen had a negative net margin of 26.59% and a negative return on equity of 5.30%.
Shares of TGEN opened at $2.61 on Wednesday. The company has a current ratio of 2.53, a quick ratio of 1.90 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $73.03 million, a PE ratio of -65.25 and a beta of 0.10. The business’s 50-day simple moving average is $3.41. Tecogen has a 12-month low of $2.46 and a 12-month high of $4.20.
A number of institutional investors and hedge funds have recently made changes to their positions in TGEN. Dimensional Fund Advisors LP raised its position in Tecogen by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 54,549 shares of the construction company’s stock worth $198,000 after acquiring an additional 3,700 shares during the last quarter. THB Asset Management raised its position in Tecogen by 15.2% during the first quarter. THB Asset Management now owns 374,041 shares of the construction company’s stock worth $1,492,000 after acquiring an additional 49,488 shares during the last quarter. Finally, BlackRock Inc. raised its position in Tecogen by 14.1% during the second quarter. BlackRock Inc. now owns 58,371 shares of the construction company’s stock worth $219,000 after acquiring an additional 7,222 shares during the last quarter. Institutional investors own 15.99% of the company’s stock.
Tecogen Company Profile
Tecogen Inc designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States and internationally. It operates through two segments, Products and Services and Energy Production. The company offers InVerde e+, a cogeneration product that provides electricity and hot water; TECOGEN cogeneration systems for producing hot water; TECOCHILL air-conditioning and refrigeration chillers; and water heaters under the Ilios brand name, as well as emissions control technology under Ultera brand name.
Read More: Equity Income
Receive News & Ratings for Tecogen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecogen and related companies with MarketBeat.com's FREE daily email newsletter.